Damn 
I'm still remember using Lynda.com before the LinkedIn buyout
Online education platform Coursera (COUR.N), opens new tab said on Wednesday it would buy rival Udemy (UDMY.O), opens new tab in an all-stock deal, valuing the combined company at $2.5 billion, as the industry consolidates after a post-pandemic slowdown and heightened investor scrutiny.
Udemy shareholders would receive 0.8 shares of Coursera for each held, valuing the company at about $930 million, according to Reuters calculation. Coursera shares were up about 4%, while Udemy jumped nearly 22%.
Coursera and Udemy bet that a combined platform will be better positioned to capture corporate demand for workforce training, particularly in artificial intelligence, data science and software development, as employers invest in reskilling workers amid rapid advances in generative AI.
"At a high level it seems like this deal makes sense both strategically and financially. We have long viewed a combination of these two companies as compelling given their complementary content offerings and solutions, and the potential for significant cost synergies given overlapping end-markets," said Stephen Sheldon analyst at William Blair.
Rest of article
I'm still remember using Lynda.com before the LinkedIn buyout
Online education platform Coursera (COUR.N), opens new tab said on Wednesday it would buy rival Udemy (UDMY.O), opens new tab in an all-stock deal, valuing the combined company at $2.5 billion, as the industry consolidates after a post-pandemic slowdown and heightened investor scrutiny.
Udemy shareholders would receive 0.8 shares of Coursera for each held, valuing the company at about $930 million, according to Reuters calculation. Coursera shares were up about 4%, while Udemy jumped nearly 22%.
Coursera and Udemy bet that a combined platform will be better positioned to capture corporate demand for workforce training, particularly in artificial intelligence, data science and software development, as employers invest in reskilling workers amid rapid advances in generative AI.
"At a high level it seems like this deal makes sense both strategically and financially. We have long viewed a combination of these two companies as compelling given their complementary content offerings and solutions, and the potential for significant cost synergies given overlapping end-markets," said Stephen Sheldon analyst at William Blair.
Rest of article
